Gce Model Questions Vol1 2024 Commerce Question 3
Practice essay / theory question 3 from the 2024 Gce Model Questions Vol1 Commerce examination. This question covers Home Trade .
A young entrepreneur runs a home‑based business selling handcrafted leather bags. Each bag costs ₦2,500 to purchase and incurs a variable cost of ₦500 for packaging and transport. Fixed monthly costs (storage rent, electricity, etc.) amount to ₦30,000. The entrepreneur wishes to earn a profit equal to 20 % of the total cost of producing the bags each month. She expects to sell 120 bags per month at the regular price and plans to offer a seasonal discount of 10 % on that price. Market research suggests that the discount will increase the quantity sold by 30 %.
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This is Gce Model Questions Vol1 2024 Commerce Question 3. It is one of the essay questions from the 2024 Gce Model Questions Vol1 Commerce examination.
The question covers Home Trade .
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